Research Analysts Offer Predictions for Dave & Buster’s Entertainment Inc’s Q2 2020 Earnings (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – SunTrust Banks cut their Q2 2020 earnings estimates for Dave & Buster’s Entertainment in a research report issued on Tuesday, June 11th. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $0.84 per share for the quarter, down from their prior forecast of $0.89. SunTrust Banks has a “Hold” rating and a $47.00 price objective on the stock. SunTrust Banks also issued estimates for Dave & Buster’s Entertainment’s Q3 2020 earnings at $0.14 EPS, Q3 2021 earnings at $0.13 EPS and Q4 2021 earnings at $0.84 EPS.

Several other equities analysts also recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating and set a $66.00 target price (up from $62.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, April 3rd. Maxim Group reiterated a “buy” rating and set a $67.00 target price on shares of Dave & Buster’s Entertainment in a research report on Tuesday, June 4th. Wells Fargo & Co lifted their target price on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group lowered their target price on Dave & Buster’s Entertainment from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, BidaskClub upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Dave & Buster’s Entertainment has an average rating of “Hold” and an average target price of $56.70.



Shares of PLAY opened at $40.00 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.37 and a quick ratio of 0.26. Dave & Buster’s Entertainment has a one year low of $39.46 and a one year high of $67.05. The firm has a market capitalization of $1.89 billion, a P/E ratio of 13.65, a PEG ratio of 1.13 and a beta of 1.12.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, June 11th. The restaurant operator reported $1.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). Dave & Buster’s Entertainment had a return on equity of 28.11% and a net margin of 9.06%. The firm had revenue of $363.58 million during the quarter, compared to the consensus estimate of $371.72 million. During the same period in the previous year, the firm earned $1.04 EPS. The business’s revenue was up 9.5% on a year-over-year basis.

Hedge funds have recently modified their holdings of the company. Stormborn Capital Management LLC bought a new stake in shares of Dave & Buster’s Entertainment in the first quarter worth about $86,000. Valeo Financial Advisors LLC bought a new stake in shares of Dave & Buster’s Entertainment in the first quarter worth about $55,000. Advisor Group Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 14.1% in the first quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock worth $129,000 after purchasing an additional 320 shares during the last quarter. Quantamental Technologies LLC increased its holdings in shares of Dave & Buster’s Entertainment by 57.5% in the first quarter. Quantamental Technologies LLC now owns 2,971 shares of the restaurant operator’s stock worth $148,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Buffington Mohr McNeal bought a new stake in shares of Dave & Buster’s Entertainment in the first quarter worth about $155,000.

In other news, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $48.37, for a total value of $362,775.00. Following the transaction, the senior vice president now directly owns 17,004 shares in the company, valued at $822,483.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO John P. Gleason sold 8,200 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $54.85, for a total value of $449,770.00. Following the completion of the transaction, the chief marketing officer now owns 23,458 shares in the company, valued at $1,286,671.30. The disclosure for this sale can be found here. Insiders sold 40,635 shares of company stock worth $2,185,020 over the last 90 days. Company insiders own 3.70% of the company’s stock.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

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Earnings History and Estimates for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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